ECONOMICS (CBSE/UGC NET)

Detailed explanation-1: -Capital resources include money to start a new business, tools, buildings, machinery, and any other goods people make to produce goods and provide services. The items the people in Communityville produced are called capital resources.

Detailed explanation-2: -Capital is any human-made resource that is used to produce other goods and services.

Detailed explanation-3: -Human resources are the people and workers and capital resources are man-made tools and equipment that produce products.

Detailed explanation-4: -Productive resources are the natural resources, human resources, and capital goods available to make goods and services. Natural resources, such as land, are “gifts of nature; ” they are present without human intervention.

Detailed explanation-5: -Answer and Explanation: A human-made commodity is called capital goods. Physical resources are known as capital goods, and they are used by businesses to create goods and services that customers will eventually purchase. Buildings, equipment, tools, and machinery are examples of capital goods.